DUBLIN — According to a new study from Research and Markets, the green coating market is projected to grow at a compound annual growth rate of 4.82% to reach $101.121 billion by 2024, up from $76.256 billion in 2018. Growing regulations regarding VOC emissions are forcing coatings manufacturers to develop green coatings. Rising demand across industries, such as automotive and architectural, for sustainable coatings solutions to replace solventborne coatings is another major driver of the green coatings market. Capacity expansion by green coatings manufacturers will further bolster the market.
Geographically, North America holds the major market share due to strict environmental regulations coupled with heightened awareness and investment to develop environmental-friendly coating solutions.
The study examines current market trends related to demand, supply and sales, in addition to recent developments in the industry. Major drivers, restraints and opportunities are also covered. The analysis presents in-depth information regarding the development, trends and industry policies and regulations implemented in each of the geographical regions. The overall regulatory framework of the market has been covered, offering stakeholders a better understanding of the key factors affecting the overall market environment.
For additional information about the report, visit https://www.researchandmarkets.com/publication/mtj6r5s/4756615.